5655.0 - Managed Funds, Australia, Jun 2018
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 06/09/2018
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 30 June 2018, the consolidated assets of managed funds institutions were $2,827.3b, an increase of $62.0b (2.2%) on the March quarter 2018 figure of $2,765.3b. Consolidated assets by types of asset The asset types that increased were shares, $36.8b (7.6%); units in trusts, $13.6b (1.8%); deposits, $4.5b (1.7%); land, buildings and equipment, $4.4b (1.5%); bonds, etc., $4.1b (4.7%); other financial assets, $3.7b (1.6%). These were partially offset by decreases in loans and placements, $3.3b (7.1%); overseas assets, $0.9b (0.2%); short term securities, $0.6b (0.7%); other non-financial assets, $0.4b (3.8%). Derivatives were flat. UNCONSOLIDATED ASSETS Life insurance corporations At 30 June 2018, total unconsolidated assets of life insurance corporations were $240.6b, an increase of $1.5b (0.6%) on the March quarter 2018 figure of $239.1b. Increases were recorded in units in trusts, $2.6b (1.7%); shares, $0.4b (1.9%); deposits, $0.4b (6.1%). These were partially offset by decreases in other financial assets, $0.6b (9.5%); bonds, etc., $0.6b (2.8%); derivatives, $0.3b (27.1%); assets overseas, $0.2b (1.4%); other non-financial assets, $0.1b (2.8%); short term securities, $0.1b (4.6%). Land, buildings and equipment; and loans and placements were flat. Net policy liabilities were $186.5b, an increase of $2.3b (1.2%) compared to the March quarter 2018. Superannuation (pension) funds At 30 June 2018, total unconsolidated assets of superannuation funds were $2,727.1b, an increase of $94.1b (3.6%) on the March quarter 2018 figure of $2,633.0b. Increases were recorded in shares, $33.7b (7.8%); units in trusts, $24.4b (2.7%); assets overseas, $21.9b (5.3%); bonds, etc., $4.9b (9.3%); deposits, $3.9b (1.7%); land, buildings and equipment, $2.3b (1.6%); other financial assets, $2.2b (1.0%); net equity of pension funds in life office reserves, $2.0b (1.5%). These were partially offset by decreases in short term securities, $0.8b (1.4%); derivatives, $0.3b (1.0%); loans and placements, $0.1b (1.6%); other non-financial assets, $0.1b (3.2%). Public offer (retail) unit trusts At 30 June 2018, total unconsolidated assets of public offer (retail) unit trusts were $377.3b, a decrease of $17.6b (4.4%) on the March quarter 2018 figure of $394.8b. Decreases were recorded in assets overseas, $22.6b (33.1%); loans and placements, $3.3b (8.9%); other non-financial assets, $0.2b (5.1%). These were partially offset by increases in other financial assets, $2.1b (41.8%); land, buildings and equipment, $2.1b (1.5%); units in trusts, $1.7b (2.1%); shares, $1.7b (4.7%); derivatives, $0.6b (28.8%); bonds, etc., $0.2b (2.3%); short term securities, $0.1b (2.5%). Deposits were flat. Cross investment within public offer (retail) unit trusts was $37.9b, an increase of $1.7b (4.8%) compared to the March quarter 2018. Friendly societies At 30 June 2018, total unconsolidated assets of friendly societies were $7.4b, an increase of $0.2b (3.1%) on the March quarter 2018 figure of $7.2b. Common funds At 30 June 2018, total unconsolidated assets of common funds were $10.7b, an increase of $0.1b (1.3%) on the March quarter 2018 figure of $10.6b. Cash management trusts At 30 June 2018, total unconsolidated assets of cash management trusts were $36.0b which was flat compared to the March quarter 2018. Increases were recorded in deposits, $0.2b (2.7%); short term securities, $0.2b (1.0%). These were mostly offset by decreases in bonds, etc., $0.5b (14.7%). Assets overseas, non-financial assets, derivatives, loans and placements, equities and other financial assets were flat. Cross investment within cash management trusts was $0.5b which was flat compared to the March quarter 2018. RESIDENT INVESTMENT MANAGERS Source of funds under management At 30 June 2018, total funds under management were $2,145.3b, an increase of $49.9b (2.4%) on the March quarter 2018 figure of $2,095.5b. Funds under management on behalf of superannuation funds increased $35.9b (3.3%), public offer (retail) unit trusts increased $1.8b (1.3%) and life insurance corporations increased $0.9b (0.5%). Cash management trusts decreased $0.1b (0.3%). At 30 June 2018, the value of funds under management on behalf of sources other than managed funds was $552.5b, an increase of $12.5b (2.3%) on the March quarter 2018 figure of $540.1b. Increases were recorded in funds under management on behalf of national government, $9.0b (8.9%); other sources, $2.2b (4.5%); non-government trading corporations, $2.1b (5.8%); wholesale financial trusts, $2.0b (0.9%); government compensation schemes, $0.2b (1.0%); other investment managers, $0.1b (0.7%). These were partially offset by decreases in funds under management on behalf of state and local government, $1.7b (3.5%); general insurance, $1.4b (3.1%). Charities were flat. The value of funds under management on behalf of overseas sources at 30 June 2018 was $123.9b, a decrease of $1.2b (0.9%) on the March quarter 2018 figure of $125.0b.
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